The 2nd quarter after implementation of value added tax (VAT) is underway and the authorities and experts are closely examining impacts of this newly-implemented tax on various sectors. Previously, this tax was also reviewed on few important sectors that were facing negative effects after VAT. One such example is the reversal of VAT on gold…
The government of UAE is moving rapidly towards a completely change in direction of its economy. The wise rulers of the country are certainly aware that they can only progress in this modern world by using education and technology to its greatest extant. Due to this, the focus is completely on altering the focus of…
UAE has always remained an important country for foreign residents and tourists. Hundreds of thousands of foreigners are residing in different parts (especially Dubai, Abu Dhabi and Sharjah) of UAE while millions visit every year for entertainment, medical, business and other purposes. UAE has long being seen as a business hub and investors are always…
Value added tax (VAT) in UAE is covering most of the sectors in the country. But there are also few exceptions from this newly implemented tax. One such area is the residential homes. Recently, the FTA (Federal Tax Authority) has announced the procedure for UAE nationals through which they can refund VAT for newly constructed…
The holy month of Ramadan has started in UAE, Middle East and most of the countries around the world. It is the most important and special month for all Muslims. The month is completely different from the remaining 11 months of the year as Muslims refrain from eating, drinking, and smoking during day time. The…
The Ramadan moon can’t be sighted on Tuesday 15th May 2018 after which it has been declared that the starting day of Ramadan 2018 in UAE is 17th May 2018. Like other Muslim countries, Ramadan plays a special role in the daily life of people and everything changes in that single month as compared to…
